Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-05-14
HALTING FOR ORDERS
TIE oMMIssroNERs. WAITING Fos
ADvIcIs BY CABLE.
Some OF the Details Of the Pending Propo-
sitiop-The Committee Divided
Personal, &c, &c.

NouncH OF fOreigN bondhoiuers afeply 10
their inquiries, they were unable to pro-
cecd with negotiations.
General Wickbam said yesterday morn.
ing IN some remarks he made In the Senate
that the prospect was now more hopeful
than ever before. lie referred. though Of
course he did not say 80, 10 the plan Tor
scaling down the consol and 10-40 Drinci.
pal and interest. and IL is understood that
the only matter OF great difference between
the majority OF the committee and con-
mi si0ners Is a. 10 whether the Interest
shall he paid upon the diminished or upon
The undminished principal.
RFGRETs.
AT the Capitol yesterday morning the
matter Of general regret among the Demo-
crats was that the legislative committee
could not be unit on the pending proposi-
tioh.
Ou Monday last they parted with Messrs.
Thornton and Brai.hWaite. They thought
negotiations were at an end, and they were
up to that moment unanimous ia the con-
illusions reached. Whenthe question came
uD as to rC0pPning negotiations the COM
mlttce divided. They stood on that prOpo-
Sltion six 10 four. subsequently,, when
Ncssis. Thornton and Braith waite m tide Il
proposition and the committee agreed 10
make counter one, the vote was the same.
TIRE PRACTICALLY.
Leaving out OF consideration as n debt
never to he paid the Sl,500000 due the
United States Indian trust fund, the
scalIng.down plan will bring the prnclpal
within S25.000.000 and the annual interest
charge within S7j1,000. There is but little
doubt that our annual revenues will fully
justify the undertaking OF an interest
charg, to that extent; bur, II it comes 10 a
matter q $4,000 per annnm, there are
wealthy citizens Of Richmond who will in
that annual sum give bond guaranteeing
the State against the necessity OF raising
taxes.
Several members OF the committee insist
that instead OF scaling the cOnsol 10 -
cents that they should be scaled to GO cents
that 10 40's, instead OF being scaled TO G2l
or CO, should I've also scaled TO 90.
They insist that the plan OF paving - for
cOnsol4 when the RiddIeberger bill rates
thsm for funding at 50, and 10'40s at G3
g ben the RlGdIebergCc bill rates them at
co, will never be endorsed by the LegiSla-
turc or people. Further, tncy demand that
the taX.receiyabc coupon feature be nov
and forever cXtlngushed.
THE DREAD.
Not fully knowing what had been done
in committee, and only hearing that the
members were divided in opinion. the
dread Of The Democrats yesterday was that
the party in the two houses might split on
this QuCuoD-a question above all others
wherein unity I, most desirable.
"ll may be q good proposition that is re-
ported by 4 vote Of g 10 (, but" sid
senator Yesterday, "It will never pass.
That is my oplGiOn. TOget any bin through
the General Assembly it must come With
something hike 4 unanimous report from
the committee. II the committee disagree
how can they hope for better things from
The LegislaluTe?"
LAST NIGHT.
There was great quietude in legislative
circles LOST night. IL was agreed at the
morning session that when Sir L lizard
communicates with Speaker Stuart a. t.
what he has heard from the Council Of
Foreign Bondholders the latter would ci,l
cur committee together fol the purpose OF
further considering the situation. A reply
was, however. not expected un.l to-day.
A TcpOTt OF some sort from the co nmlttca
The two houses cannot be kept together
more than a week longer. They ar already
impatient 10 be gone; but most OF the re-
mqinins time they can devote to the doht
Que,tiou, aud the House yestcrdty en-
Urged its rule so that on the report Of the
conference members VIII each Lave han an
bour instead Of fifteen minutes.
WHERE TIE CASH WILL CONE FROM.
one OF the requisites in the pending
proposition is that the State shall pay
$500, 600 cash down on account Of over.
due COUPONS. Where l. thls money 10
come from: :' was freQu,ntlY asked ye,ter.
dav. The plan i to sell the state, stock
IN the Ei:hmOnd, Frederick burg and
Potomac Railroad Company. The state
hss an offer for this property winch wit
realize it in the ucigEboriOOd of S100,0)0,
and 50, II the scheme be otherwise ac-
ccpfabe there will be no difficulty 10
raising the 100000.
so CAUCUS.
Among the rumorS circullted yos'crdiy
was one tat sir Edward Thornton and Mr.
Blaihwatc had bad conference with Re-
publican members Of the General Assem-
bll. The idea was prepo,tcrouS, but
nevertheless gained some credence.
Ihnc was 10 truth at al in the tory.
NOT UNDERSTOOD.
II was said last night that good many
members OF the General Assembly WhO ~
the morning had pronounced again,t tnc
pending scheme a. they understoOdi t. were
more favomby inclined towards il.
The truth iS," said one, ''tbat a1y bare
statement OF the figures without eNpnna-
tions does the committee injustice. Ths
STATE will be very lucky. indeed, il she can
close with the bOndhOldcr> UPON the terms
,uggcsted 10y msiority OF the committee.
The plan i a practical one. II can bc car.
ricd out. and il can be explain
ed TO The people in sltistac
tory manner. You may rely upon
il that the mcmbers Oi our committee are
a. fully couycTsant with the pledges Of the
Democratic patty to the people aS anybody
can be. ana they arc as fully alive rs IT l.
possible TO be TO the necessity OF securing
a settlement that Will be ratified by the peo'
pie
Two or three members OF the debt com
mittec smd yesterday that they expected
that the Legislature would adjourn during
the coming week.
Legislative Action.
Mr.. FcholS offered the following in the
House Yesterday:
RCSO!Ued tthe Senate cOncurring), Thlt
tbc joint committee 10 confer with the
Council Of Foreign BOndbolders he in
siructCd TO report its proceedings 10 the
II use tomorrow morning.